Recap Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook As long as Y-1 / B-0 acting as resistance, retest of B-1 likely.
A break of B-1 will give us another clean flush to B-2.
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Lawrence's Comment
Recap
Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2.
Outlook
Slow ...
Lawrence's Comment
Recap
My favorite pair behaved nicely last week. Sold off as expected and dropped down to almost Y-3 target before it staged the bounce. Closed the week above midpoint and ...
GBPUSD May 19 to May 23 Outlook
Lawrence’s Comment
Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook
As long as Y-1 / B-0 acting as resistance, retest of B-1 likely.
A break of B-1 will give us another clean flush to B-2.
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